GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Annuitize

The beginning of a series of payments from an annuity. This term also refers to the settlement (payout) of life insurance policy proceeds under a contract’s annuity options.

Do you need an answer immediately?

Check out our FAQ page!

Approved for 1 Hour of State Reported CE Credit in AR, AZ, CO, DE, FL, GA, IL, IN, KS, MA, NC, NE, NJ, OK, SC, TN, TX, and UT.